One in eight homeowners in negative equity

One in three homeowners who Took out a mortgage since 2004 are in negative equity, according to Central Bank figures obtained by The Sunday Business Post.

16th April, 2011

One in three homeowners who Took out a mortgage since 2004 are in negative equity, according to Central Bank figures obtained by The Sunday Business Post.

The Central Bank technical research paper on impairment and negative equity in the Irish mortgage market estimates that just over one in eight - some 13.1 per cent - of all Irish households are in negative equity.

The figures show homeowners who took out their mortgage more recently are more likely...

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